matthewr
spɹɐʍʞɔɐq spɹoɔǝɹ ɹnoʎ sʎɐld
What effect might 'printing money' have on inflation?
The point of the intervention is to try to prevent a crisis so inflation is not really the point here. It's more about stopping disaster and once it's stable we can think about inflation again.
Although part of the problem here is that the not-a-budget was always in conflict with the BoEs plans to get inflation back under control, which is one of the big reasons it was so head-scratchingly unconvincing.